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Americans paid not to work
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The full-on pandemic, the full re-opening, and the Exponential Age
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European vaccination, Manchin, and Republican infrastructure spell European outperformance
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Winning the footrace against the variants and approaching the new normal
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A quick word on bond vigilantism and market mania
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The ‘interregnum’ of risks to the upside as yields turn down
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More on inflation, the mutant wave in Canada, the stall in rates and the new normal
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The inflation bogeyman and the Fed reaction function
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Context for my bullish outlook in the US
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Bullish news on the US jobs front
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